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May 14, 2006

Invest In New Products

Filed under: by Marsha James at 11:11 am

Experts are saying that from past experiences your best bet when it comes to the stock market, especially if your new to the game is to buy firms that have new products. Companies with new products seem to do very well when it comes to stocks.

Sales in Garmin’s auto unit rocketed 252% from the year-ago period, as more new cars come built with navigation devices. In May the firm released the StreetPilot 2820, a gadget with Bluetooth wireless connection, for cars and motorcycles. The StreetPilot lets users make phone calls hands-free and even contact hotels, restaurants and other points of interests from the database.

A computer voice gives drivers turn-by-turn directions and helps them avoid traffic jams. Users can get real-time traffic information, including alerts to accidents, construction and road closures, by subscribing to an FM Traffic Message Channel or XM NavTraffic.

The device comes with an audio book player and MP3 player that can sort music by artist, album, song and genre. Garmin will begin selling the StreetPilot 2820 in June for $1,099.

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